Latest in Real Estate Highlight
Latest in Real Estate
Al-Shennawy Group launches FINSQUARE project at New Capital
Company plans to deliver within 2.5 years
Marakez signs BOOT contract with Tabreed to secure district cooling services at D5M mall
Marakez and its partners are constructing the D5M district cooling plant in stages, aiming to be fully operational before the end of 2023. Tabreed will be the lead partner owning 60% equity with Gascool owning 40%. The plant’s operational capacity will be 6,000 refrigeration tons (RT), with a total installed capacity of 7,500 RT.
Tatweer Misr aims to deliver 2k units in IL Monte Galala, Fouka Bay, and Bloomfields by 2022-end
The company strives to accelerate the pace of construction work at its projects in order to face the global inflation wave and the upsurge in the prices of raw materials. The company also aspires to achieve contractual sales of EGP 8bn by the end of 2022.
More than 90% of Egypt’s properties are unregistered: Justice Minister
Marwan stressed the importance of amendments presented by the government in the draft law amending Real Estate Registration Law No. 114/1946, which was approved by the House of Representatives in principle earlier this month.
Ora Developers to begin Silversands project’s construction in 1Q 2022 with EGP 45bn cost
The project will comprise a variety of units such as villas, twin houses, and chalets. Most of the units will have a sea view.
ZODIAC Development to launch its 2nd project at New Administrative Capital
Hassan Hassanein, the Chairperson of ZODIAC Development, said that the company aims to direct more investments into the Egyptian market by launching a number of new projects in 2022 to support the state’s plans and efforts for urban expansion, especially fourth-generation cities.
Arabisk Development launches 1st phase of Alcazar project
Company plans to expand in North Coast, Ras Sidr in coming period, says Chairperson Al-Wazir
Egypt’s real estate market is most fortunate sector in 2021
Additionally, despite the challenges of the COVID-19 pandemic, Egypt’s real estate sector has grown by 8% since the beginning of the year.
ADVA Developments plans to direct EGP 2bn in Egypt’s real estate market within 5 years
Al-Shennawy added that “Ad-Vida” will be the company’s first project in Sheikh Zayed City on an area of 5 feddan, and will comprise 30 villas.
Financial Group tops brokerage market in 2021, with EGP 103.88bn worth transactions
The Commercial International Brokerage Company maintained its runner-up position by recording total transactions worth EGP 93.006bn, securing a market share of 10% of the total stock exchange transactions.
Prices and Areas of Properties in New Cairo
New Cairo includes a large group of high-end and medium neighborhoods that suit all tastes and needs. There are also areas for villas only and some neighborhoods are characterized by calmness and others are characterized by widespread entertainment and services areas.
HHD initially chooses Mountain View to participate in establishing Helio Park project
The company said in a statement sent to the Egyptian Exchange on Tuesday, that this choice is considered preliminary and subject to the approval of the Board of Directors.
Platform Leaders gearing up to launch ‘Homes’ for real estate in Egypt
The new platform will include all the syndicated information related to the real estate projects, investment areas, and opportunities in all new cities and other existing cities. Accordingly, the platform is considered a reliable reference for all those wishing to invest and buy properties in Egypt.
Zahraa El Maadi purchases land plot in New Heliopolis for new residential projects
Zahraa El Maadi said on Tuesday that the land area is 31,201.935 metres, and costs EGP 3,470 per square metre.
UDG achieves EGP 200m sales in ‘E Tower’ within 2 weeks
CCO and Board Member at UDG, Tarek El Gedawy, revealed that E Tower witnessed high demand due to its distinctive location in CBD, its architectural design, and the various unit sizes and spaces offered.
Egypt exports $500m worth real estate within only few days: Tatweer Misrchief
Current inflationary wave proves real estate sector’s resilience, says official
Talaat Moustafa Group is Egypt’s most powerful real estate company, 10th in MENA: Forbes
Talaat Moustafa Group (TMG) topped the Egyptian companies among the Forbes global list of the 50 most powerful real estate companies in the Middle East and North Africa 2021. Forbes magazine stated that Talaat Moustafa Group’s new project “Noor” includes about 120,000 housing units and a 5-star hotel, in addition to green spaces, facilities and …
Tabarak Developments expands in Gulf region with A’Aly Al Riyadh project
A’Aly Al Riyadh spans over 12,500 sqm encompassing 139 residential units with spaces ranging from 120 to 150 sqm in addition to splendid duplex villas with an average space of 300 sqm. The project is ready for residents to move in and the units are fully finished.
Golden House to deliver Rio Complex in New Cairo by 2022
Project, worth EGP 600m, is built on 4,600 sqm and comprises 108 different units, says Hady Shandy
American Platform Leaders extends services to real estate market in Egypt
Platform’s initial investment in Egypt is worth EGP 150m
Al Oula eyes providing EGP 1bn mortgage finance during 2022
Clients’ total debt portfolio with Al Oula reaches EGP 2.6bn
Ontario Developments launches Maple Business Complex in New Capital with EGP 500m investments
Vice Chairperson of Ontario Developments, Mahmoud Hamed, said that Maple Business Complex is a medical administrative commercial mall located in the NAC’s Downtown area on2,680 sqm. The project comprises 14 floors, in addition to 3 basements and garages. The ground, first, and second floors have been allocated for commercial units, and the rest of the mall has administrative and medical units, amounting to 300 units.
43 million real estate units counted in Egypt until October 2021
According to a statement from the Ministry of Finance on Tuesday, Fawzy said that work on the project to inventory real estate wealth in Egypt is in full swing, through the establishment of an electronic database for all real estate units at the level of the Republic, and the design of official statements and possible notification.
Coldwell Banker launches its latest franchise programme in Egypt
Egyptian market represents ideal facet for franchising programmes, says country CEO Karim Zain
Pillars Constructions contracted to build 2nd phase of La Verde New Capital
Company to start delivering La Verde New Capital’s units by beginning of 2023
Al-Borouj Misr to manage Movenpick Hotel in Sixty Iconic Tower
Hotel’s capacity will be 190 keys
Tameer launches Azad Views project in New Cairo
Project comprises 830 units and will be completed by 2025
Prop-tech startup Lizas launches real estate platform ‘Liza’ for customers
Liza mobile application is set to be launched in January 2022
Iconfit gym opens branch in Madinaty
Iconfit gym’s newest branch has opened in Madinaty. Iconfit features the latest sports and fitness equipment, in addition to a selection of top-notch trainers specialized in the field of physical sports. Iconfit offers various programs, services, and various physical and health exercises aimed at encouraging individuals to change lifestyle for the better and enhance self-confidence …
LMD invests over EGP 33bn in ONE NINETY project
ONE NINETY Business Quarter has investments of EGP 11bn, with delivery to start in 4Q 2022